<p>Many investors think retirement success is mainly about average return. In retirement, the timing of returns can matter just as much. In this episode, Kirk and Michael break down how losses early in retirement can have a greater impact than losses later on, why withdrawals can magnify that problem, and how income planning and asset allocation can work together to help manage this risk.</p><p>Retirement Education Foundation is a Fiscally Sponsored Program of United Charitable, a registered 501(c)(3) public charity.</p><p>This information is for educational purposes only and is not to be considered tax, legal or investment advice. Kirk Cassidy and Paul Meter are professional financial advisors in the private sector. Both serve as a financial instructor for the Retirement Education Foundation on a volunteer basis. Retirement Education Foundation does not offer financial services.</p>